4435 Austin Blvd - Office/Residential FOR SALE


Island Park, NY 11558- Barnum Island
$1,950,000 USD
516-279-8828
4435 Austin Blvd, Island Park, NY for Sale
$1,950,000 USD
Office/Residential - FOR SALE
1/51
null | 7.09% Cap Rate

4435 Austin Blvd
Island Park, NY 11558
Barnum Island


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! 7,700+ Sqft. 4 Unit Free Standing Building On A 18,875 Sqft. Lot For Sale In Island Park!!!
  • The Property Features Excellent Signage, Great Exposure, High 14’ Ceilings, 32 Parking Spaces In A Private Gated Parking Lot, Business X Zoning, +++!
  • The Property Is Located In The Heart Of Island Park On Busy Austin Blvd. Just Blocks From The Long Beach Bridge!!!
  • The Property Has 205’ Of Frontage On Busy Austin Blvd. + 204’ Of Frontage On Broadway & Has A Daily Traffic Count Of 40,200+ Vehicles Per Day!!!
  • Neighbors Include Costco, Stop & Shop, Public Storage, Costello’s Ace Hardware, King Kullen, Dunkin’, Wendy’s, McDonald’s, Trader Joe’s, +++!!!
  • This Could Be Your Next Development Site Or The Next Home For Your Business!!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! 7,700+ Sqft. 4 Unit Free Standing Building On A 18,875 Sqft. Lot For Sale In Island Park!!! The Property Features Excellent Signage, Great Exposure, High 14’ Ceilings, 32 Parking Spaces In A Private Gated Parking Lot, Office Building Zoning, Security Camera System, 3 Phase Power, Conference Room, Private Offices, 2 Apartments, Strategically Placed Curb Cuts, Accessible Parking, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Island Park On Busy Austin Blvd. Just Blocks From The Long Beach Bridge!!! The Property Has 205’ Of Frontage On Busy Austin Blvd. + 204’ Of Frontage On Broadway!!! This Section Of Austin Blvd. Has A Daily Traffic Count Of 40,200+ Vehicles Per Day!!! Neighbors Include Costco, Stop & Shop, Public Storage, Costello’s Ace Hardware, King Kullen, Dunkin’, Wendy’s, McDonald’s, Trader Joe’s, +++!!! This Property Offers HUGE UPSIDE Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 4,500 Sqft. Office + 800 Sqft. Warehouse: $120,000 Ann. NNN. Lease Exp.: 6/15/26. Apt. 1 (1 Br.): $31,200 Ann. M-M. Apt. 2 (1 Br.): $31,200 Ann. M-M. Gross Income: $182,400 Ann. Expenses: Gas: $2,000 Ann. (Apartments Only) Electric: $0 Ann. Insurance: $3,253 Ann. Maintenance & Repairs: $250 Ann Water: $0 Ann. Taxes: $38,695.30 Ann. Total Expenses: $44,198.30 Ann. Net Operating Income (NOI): $138,201.70 Ann. (7.09% Cap!!!)

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$253 USD /SF

CAP RATE

7.09%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Freestanding, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

Business X

APN/PARCEL ID

2089-43-059-00-0004-0

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Matthew ShaneAll Island CommercialMore Info
516-279-8828

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.